Article Archive For
Daryl Guppy and Chen Jing

Parallel Listings And True Price Value by Daryl Guppy and Chen Jing

ARTICLE SYNOPSIS ...Parallel Listings And True Price Value by Daryl Guppy and Chen Jing
In the second part of this series we continue to look at the
differences in traders' perceptions by analyzing stocks listed
in the Shanghai market and their counterpart listing in the
Hong Kong market.
Trends and their behavior provide an analysis of
longer-term market behavior. Chart patterns are a
reflection of trading psychology and provide a
range of high-probability outcomes. The patterns develop in response to traders' perceptions of opportunity.
Although the link with fundamental developments may be
more tenuous, we w...

True Price Value by Daryl Guppy and Chen Jing

ARTICLE SYNOPSIS ...True Price Value by Daryl Guppy and Chen Jing
What is more important in determining market behavior and
market pricing, fair value based on fundamentals or the
market value created by psychological trading behavior?
The classic economic and market models rest on
fair value and describe pricing activity in the
market as subject to "irrational exuberance." An
analysis of the China and Hong Kong markets with a parallel listing of China-based companies suggest that
psychological trading behavior has a much greater role to
play in correct market pricing. The study suggests that the
market price i...